GFC 2

[So_Cynical]

I have 2 buy orders in the market...1 ridiculously low ball, the other just 2% under Fridays close.

Doom and gloom talk genuinely excites me.

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Big picture...this is the Asian Century, just like the last century was the American century and the one before that the European Century....this century will be our century, the centre of the world will move closer to us and we will be Asia's farm and mine and a nice place for the workers of Asia to have a holiday.

 

[StumpyPhantom]

We are definitely getting closer to a bottom, even the media is triple doom and gloom....must be a matter of weeks now...

Edit: forgetting of course that the second leg down takes longer...



CanOz

Yeah - that's the big question for me. Not so much that we have a GFC2 to contend with, but where/when the bottom will be. Seems like we've peeled back enough layers to know that Europe's recession and contagion effect is on the horizon (though we don't really know what that will look like).

The big question might be whether China and the rest of the BRIC and emerging markets will be part of the 'domino effect'. If they are, then this bottom could take a few years. If we can't see that at the moment (or don't even know whether it will happen), then it's also hard to see the bottom.

A quarter of China's exports go to Europe, and if the USA is climbing down as well, then how much Chinese stimulus and domestic consumption (and how sustainable is that anyway?) will it take?

 

[Tyler Durden]

I have 2 buy orders in the market...1 ridiculously low ball, the other just 2% under Fridays close.

Doom and gloom talk genuinely excites me.

------------

Big picture...this is the Asian Century, just like the last century was the American century and the one before that the European Century....this century will be our century, the centre of the world will move closer to us and we will be Asia's farm and mine and a nice place for the workers of Asia to have a holiday.

James Packer is with you there.

 

[numbercruncher]

This mornings heart warming Bearish/realist news article is .....

A Boston Consulting Group survey of nine developed countries plus China shows that 47 per cent of Australian respondents said they were either ''in financial trouble'' or ''not financially secure''. Italians and Spaniards are more upbeat, even though Spain, for example, has an unemployment rate of 25 per cent.

''Australians are feeling the costs-of-living pressures,'' the head of investment research at Perpetual, Matt Sherwood, says. Electricity prices are rising and food prices are already high by international standards, Sherwood says.
Then there is household debt. ''In the good times we borrowed more and more to have one of the highest ratios of household debt to income in the world,'' he says.

''While those ratios have come down substantially in the United States and Britain, the deleveraging has not even started in Australia.''


Read more: http://www.smh.com.au/money/best-defence-is-to-reduce-your-debt-20120525-1z9yt.html#ixzz1wmDhwuSd

Fancy Italians and Spaniards being more optimistic than Australians - show the magnitude of peoples debt noose here perhaps ?

 

[McLovin]

Fiscal union one step closer.

http://online.wsj.com/article/SB10001424052702303506404577444670506067842.html?mod=googlenews_wsj

BERLIN—Germany is sending strong signals that it would eventually be willing to back ideas such as joint European bonds or a banking union if European leaders are willing to give up more sovereignty and transfer significant powers over national budgets to Europe, a step that, if embraced, would redesign monetary union and be one of the boldest steps taken by the bloc since the euro was launched.

Europe has been blocked from taking bold steps to stem the crisis and calm financial markets because leaders can't bridge two fundamentally different approaches.

Countries such as France believe Europe must create instruments such as euro bonds to place the debt burden on many shoulders. Others, especially Germany, say a common currency requires a common fiscal policy and transfer of national sovereignty over budgets to Europe.

Now, for the first time, Germany is showing signs of giving ground on its position. But Berlin wants these issues to be put into a broader discussion about the future of Europe and the structure of the euro zone.

"The more that other member states get involved with this development and are prepared to give up sovereign rights to get European institutions more involved, the more we will be prepared to play an active role in developing things like a banking union," a German official familiar with the discussions told The Wall Street Journal. "You can't have one without the other."

...

A senior EU official said Sunday that contacts were under way among governments to pull together a "grand plan" as proposed at May's summit of European leaders.

He said Germany was "willing to play ball in grand design but at obvious price of more transfer of sovereignty on fiscal matters."

That, he said, was a tough requirement in almost all member states and may also require changes to EU treaties.

He said governments were seeking to influence the approach to be taken at the next EU summit at the end of June.

"Bottom line of it all: The game is on," he said.

 

[notting]

Fiscal union one step closer.

Is clearly the ideal, however since none of them obeyed the rules regarding spending, it's hard to see how any agreement becomes reality in implementation.

 

[McLovin]

Is clearly the ideal, however since none of them obeyed the rules regarding spending, it's hard to see how any agreement becomes reality in implementation.

I guess the difference is this time they're bent over a barrel and being asked to "negotiate".

 

[numbercruncher]

Dont do it Europe !

Those pesky Germans just want to be your Imperial Masters ....

Tell them thanks for the good times but now its adios -

The Debt is the hangover - The aspirin is dumping the Euro

Was a fun party though huh ?

 

[StumpyPhantom]

I have 2 buy orders in the market...1 ridiculously low ball, the other just 2% under Fridays close.

Doom and gloom talk genuinely excites me.

------------

Big picture...this is the Asian Century, just like the last century was the American century and the one before that the European Century....this century will be our century, the centre of the world will move closer to us and we will be Asia's farm and mine and a nice place for the workers of Asia to have a holiday.

The ridiculous low ball offers sometimes hit the paydirt. I did a couple of speculators in early 2009 and piacked up 2000 BHP at $20 and 2000 WBC at $14. I must admit I don't expect hits like that again because I don't think the margin loans out there are so leveraged that they would be spilling stock onto the market at any price.

 

[Glen48]

VOTE
Do you think we are headed for another GFC?

68388

19344


A few converts here





​

 

[numbercruncher]

VOTE
Do you think we are headed for another GFC?

68388

19344


A few converts here





​

self fulfilling prophecy !

 

[Gundini]

Are we- of course yes

Can we stop it- of course we can't

So what happens next- they print more money and we start over like last time

What should I do with the tin- kick it down the road

 

[DB008]

Greek politician punches rival on TV
http://www.irishtimes.com/newspaper/breaking/2012/0607/breaking17.html

 

[skc]

Greek politician punches rival on TV

Taiwan has the best politician fights.



Their economy is doing OK.

May be violence do solve problems ?!

 

[notting]

All violence does is prove your own inabilities.
It's weird how people think it somehow enhances their argument or proves something to the person you beat the crap out of!
I sometimes muse "now go show how tuff you are to a lion, tuff guy!"

It takes more spine and strength to remain in control than to lose it!

I remembering watching Kunk Fu as kid and Qy Chang, or what ever his name was, broke up this fight and said to the clowns, "Each of you seeks to be stronger in your hatred and violence upon each other, yet neither of you has the strength to love."
Hippie.

 

[young-gun]

All violence does is prove your own inabilities.
It's weird how people think it somehow enhances their argument or proves something to the person you beat the crap out of!
I sometimes muse "now go show how tuff you are to a lion, tuff guy!"

It takes more spine and strength to remain in control than to lose it!

I remembering watching Kunk Fu as kid and Qy Chang, or what ever his name was, broke up this fight and said to the clowns, "Each of you seeks to be stronger in your hatred and violence upon each other, yet neither of you has the strength to love."
Hippie.

its ingrained into us through right? prob goes all the way back to the time we were monkeys fighting for mates and territory. all animals fight, and at the end of the day thats all we are, although very intelligent animals. some have the will-power to not reduce themselves to violence, some are just simply over-come by the natural urge. you can't tell me you havent wanted to punch someone right in the nose when they are pissing you off

i saw a doco the other night on polar bears. the male polar bears beat the crap out of each other over just one female polar bear. poor guy had to endure upto 5 different bears trying to impregnate her. watching it reminded me of walking through the valley at 1am on a saturday night.

anyway back on topic.

Yes the GFC has stuck its ugly head up again. each time hungry for more and more stimulus, as the last lot doesn't quite hit the spot as well as the batch prior to that. the measures being taken to prevent total collapse are not sustainable. there is going to be a breaking point, and i personally think that it will snap over the next 12 months. potentially even by end of 2012.

 

[notting]

you can't tell me you haven’t wanted to punch someone right in the nose when they are pissing you off

No, I can't, but that doesn't make it noble. Quite the contrary.
We can behave like a monkeys or evolve!
The choice is there for the taking. It's good to know there is a choice and look at the consequences after the fact to see what use one way was as apposed to the other.
Prosperity and happiness follow good will, it opens the mind to creativity and opportunity tends to turn up where we least expected it to.
Takes a kind of courage.
Im no master of it, but think it's worth trying!
:engel:

 

[numbercruncher]

Doesnt todays headline sum-up the current crazy economics.

Real economic indicators look bad so instead of US markets going down they soar on hopes of more money creation , crazyness.

US stocks rally on hope of rescue as US data, Europe debt worsens
BY: MATT JARZEMSKY From: Dow Jones Newswires June 15, 2012 7:02AM
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US stocks rallied as signs of a worsening US labour market and European debt picture bolstered investors' hopes that central bankers will again come to the rescue.

"Bad news is good news," said John Fox, fund manager at Fenimore Asset Management. "I think everyone knows the end game in Europe and it just has to play out. The European Central Bank is going to come in. They need an all-in effort like the Fed did in this country."

 

[Struzball]

instead of US markets going down they soar on hopes of more money creation , crazyness.

Is it bullish bearishness or bearish bullishness?

 

[Glen48]

If the left get elected in Greece on 17th then the market will go up, the right are elected then the market will go up.
IF Spain Greece etc default then the market will go up, think they are all waiting for Big Ben to order more ink and printing plates.
As printing has never work maybe this one will.